logo


GE, Target, Hewlett-Packard are big movers
Wednesday, May 20, 2009 5:51 PM


(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

General Electric Co., up 7 cents at $13.77

The industrial conglomerate's CEO said GE had raised the $45 billion in bonds it needed for 2009 and its finance unit was well funded.

Target Corp., up $1 at $42.94

Although the "cheap-chic" retailer's first-quarter profit declined from last year, it will sell more basics such as food to drive sales.

Hewlett-Packard Co., down $1.91 at $34.67

The computer company will cut 6,400 jobs, its second-quart profit fell 17 percent and it said PC sales may not yet have hit bottom.

Analog Devices Inc., up $3.22 at $23.80

The chip maker's second-quarter profit fell as demand dropped, but earnings, sales and outlook still topped Wall Street expectations.

Deere & Co., up 51 cents at $44.33

Sales and profit dropped in the second quarter, and the farm equipment maker chopped its forecast for the second time this year.

Bank of America Corp., up 24 cents at $11.49

The bank has quickly sold $13.5 billion in common stock on its way to raising the $33.9 billion the government said it needed.

Hertz Global Holdings Inc., down $1.38 at $6.76

The car and equipment rental company said it would hold a 40 million-share public offering and riase millions in debt to boost liquidity.

NASDAQ

Paragon Shipping Inc., up $1.17 at $5.91

The Greece-based shipping company said its profit rose 22 percent in the first quarter, beating expectations of analysts.

A service of YellowBrix, Inc.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia